Forex Money

by Mostak Hossain students

Learn to use Stop Loss effectively Still unsure whether you need it? Every day hundreds of Forex traders blame themselves for being so naive and trading without protective stops. Hundreds of other

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Learn to use Stop Loss effectively

Still unsure whether you need it?

Every day hundreds of Forex traders blame themselves for being so naive and trading without protective stops. Hundreds of others lose funds worth weeks, months & even years of trading just only in one very unsuccessful trade.

And yet another hundreds of traders, having heard dozens of times about importance of protective stops, open new trades ignoring the well known money management rules.

Stop loss isn't often a favorite tool for many Forex traders as it requires taking necessary losses, calculate risks and foresee price reversals. However, a Stop loss tool in hands of a knowledgeable trader becomes rather a powerful trading weapon than a cause of disappointment and painful losses.

Every trader is free to develop his / her own trading style and implement own money management rules. We will go over several methods of using Stop losses.

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